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updated 9:32:36 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.71%
1d Period Avg+7.71%
LONG HyENA · nowhyna:ETH
+10.96%
1d avg:+10.96%
SHORT Reya · nowETHRUSDPERP
+23.67%
1d avg:+18.67%
Entry Spread Now
−0.112%
Eaten by executionL 1,907.1 · S 1,904.97−$11.17 if it converges
24h range −0.17%…−0.06% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$25.26
−0.25%
$Avg Daily PnL
+$1.08
+0.0108%
★Best Day
+$2.27
Aug 17
◎Open Interest
HyENA$1.65M
Reya$2.59M⚡Funding APR
+3.94%
annualized · funding only
⚠Execution Cost
−$27.42
entry + exit fees
⏱Payback
25.4d
to break even
◧24h Volume
HyENA$190.4KReya$342.0KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$27.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.